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Trump and Powell Are Doing a 'Fed Independence' Dance. Keep Your Portfolio Nimble.
New Home Sales Surge, Exceeding Forecasts and Boosting USD
Is there a recession in the USA? The market is closely watching tonight's PMI!
Media surveys predict that the composite PMI for April will drop to 52.2, lower than March's 53.5. The manufacturing PMI is expected to decrease from 50.2 to 49, returning to the contraction Range, with the input price index being particularly noteworthy. A series of weak PMI data could lead to further declines in U.S. stocks and the dollar, exacerbating negative market sentiment.
US Dollar Rises Early Wednesday Ahead of S&P Flash PMI, New Home Sales Data, Beige Book
Stocks Gain Pre-Bell as Trump Backtracks on Fed Chair Removal Stance, Suggests Easing China Tariffs
Federal Reserve's Barkin: The USA economy remains stable, but investment and consumer confidence have encountered issues.
① Richmond Fed President Tom Barkin pointed out that while the USA economy is in good shape, there are concerns about the outlook for business investment and consumer spending; ② The uncertainty of the trade war has led companies to adopt defensive strategies, and consumer confidence has weakened due to inflation and unemployment issues; ③ Barkin also emphasized that the rise in inflation expectation indicators is alarming, and it is necessary to control inflation to avoid expectations getting out of control and to prevent economic stagnation.
